American firms chasing technology deals

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Over the past decade, the USA has been responsible for the most TMT deals in the North West, according to new research from Deloitte.

The business advisory firm analysed inbound TMT investment over the last ten years and found that American businesses have acquired 55 TMT firms in the region since 2003, well ahead of France in second and India in third, with nine and six deals respectively.

Jodi Birkett, TMT partner at Deloitte in the North West said: “The investment from American businesses is averaging out at just under one acquisition every two months. Many would class the USA as the global leader of tech, so it’s encouraging that they show plenty of interest in North West TMT firms.”

United Technologies Corp’s £591 million swoop for Blackburn’s Initial Electronic Security Systems was the largest in terms of deal value, the research found.

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